Yue Kan Holdings Limited (HK:2110)
:2110
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Yue Kan Holdings Limited
(2110)
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Rating:46Neutral
Price Target:
HK$0.10
▼(-1.00% Downside)
Action:ReiteratedDate:03/24/26
The score is primarily held down by weak financial performance, driven by sustained losses and negative operating/free cash flow despite low leverage. Technical indicators add some support from improving short-term momentum, but longer-term trends remain weak. Valuation is constrained by negative earnings and a lack of visible dividend support.
Positive Factors
Low Leverage
A modest debt profile reduces solvency and refinancing risk and gives management structural flexibility to support operations or restructure projects during a turnaround. Low leverage helps absorb operating volatility and preserves options to raise capital or extend creditor support if recovery initiatives need time to work.
Negative Factors
Multi-year Losses
Sustained negative gross profit and deeply negative margins indicate projects are being executed at a loss, a structural problem that erodes the core business economics. Persistent unprofitable operations damage pricing credibility with clients and subcontractors and require fundamental changes in bidding, cost controls, or business mix to reverse.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
A modest debt profile reduces solvency and refinancing risk and gives management structural flexibility to support operations or restructure projects during a turnaround. Low leverage helps absorb operating volatility and preserves options to raise capital or extend creditor support if recovery initiatives need time to work.
Read all positive factors
Yue Kan Holdings Limited (2110) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$38.52M
Dividend YieldN/A
Average Volume (3M)1.66M
Price to Earnings (P/E)―
Beta (1Y)0.07
Revenue Growth-9.20%
EPS Growth32.32%
CountryHK
Employees106
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)-0.07
Shares Outstanding360,000,000
10 Day Avg. Volume244,900
30 Day Avg. Volume1,664,400
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.78
Price to Sales (P/S)0.17
P/FCF Ratio-2.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Yue Kan Holdings Limited Business Overview & Revenue Model
Company Description
Tian Cheng Holdings Ltd. engages in marine construction works. It specialises in reclamation works and supplemented by vessel chartering services and other civil engineering works. The company was founded 0n 24 May, 2018 and is headquartered in Ho...
Yue Kan Holdings Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
46
Neutral
Cash Flow
15
Very Negative
| Breakdown | May 2024 | May 2023 | May 2022 | May 2021 | May 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 202.78M | 223.33M | 198.03M | 212.28M | 345.62M |
| Gross Profit | -13.67M | -31.86M | -62.34M | 30.21M | 56.01M |
| EBITDA | -22.46M | -31.36M | -73.13M | 30.79M | 53.57M |
| Net Income | -34.48M | -44.14M | -87.05M | 16.68M | 37.63M |
Balance Sheet | |||||
| Total Assets | 81.56M | 117.47M | 145.99M | 227.77M | 265.47M |
| Cash, Cash Equivalents and Short-Term Investments | 28.10M | 25.82M | 33.69M | 85.18M | 124.52M |
| Total Debt | 2.56M | 4.95M | 6.84M | 1.01M | 1.62M |
| Total Liabilities | 38.10M | 43.56M | 39.52M | 34.29M | 63.67M |
| Stockholders Equity | 43.46M | 73.90M | 106.47M | 193.48M | 201.79M |
Cash Flow | |||||
| Free Cash Flow | -12.79M | -26.79M | -49.84M | -13.67M | 20.11M |
| Operating Cash Flow | -12.79M | -26.70M | -38.71M | 14.82M | 34.22M |
| Investing Cash Flow | 10.82M | 8.80M | -10.77M | -28.18M | -24.11M |
| Financing Cash Flow | 1.49M | 10.06M | -2.02M | -25.68M | 83.40M |
Yue Kan Holdings Limited Technical Analysis
Positive
0.10
Price Trends
0.09
Positive
0.11
Negative
0.12
Negative
Market Momentum
<0.01
Positive
58.32
Neutral
12.50
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2110, the sentiment is Positive. The current price of 0.1 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.09, and below the 200-day MA of 0.12, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 58.32 is Neutral, neither overbought nor oversold. The STOCH value of 12.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2110.
Yue Kan Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
HK:2110
Yue Kan Holdings Limited
0.11
>-0.01
-6.14%
HK:3728
Ching Lee Holdings Ltd.
0.06
0.03
121.43%
HK:8366
Zhejiang United Investment Holdings Group Limit ed
0.03
0.01
61.90%
HK:8373
Indigo Star Holdings Limited
0.65
0.00
0.00%
Yue Kan Holdings Limited Corporate Events
Tian Cheng Holdings Updates Hong Kong Principal Office Address
Mar 6, 2026
Tian Cheng Holdings Limited, a Cayman Islands-incorporated company listed in Hong Kong, announced an update to its corporate contact details while maintaining its existing digital communication channels. The company continues to be overseen by a b...
Tian Cheng Holdings Releases Unaudited Interim Results for Six Months Ended November 2025
Jan 29, 2026
Tian Cheng Holdings Limited has released its unaudited condensed consolidated interim results for the six months ended 30 November 2025, with the full interim report to be made available on both the company’s and the Hong Kong Stock Exchange...
Tian Cheng Warns of Wider Interim Loss on Pier Reconstruction Setbacks
Jan 13, 2026
Tian Cheng Holdings Limited has warned that it expects to post a significantly wider net loss of about HK$20 million to HK$21 million for the six months ended 30 November 2025, compared with a loss of HK$12.4 million a year earlier. The deteriorat...
Tian Cheng Sets January Board Meeting to Review Interim Results and Potential Dividend
Jan 13, 2026
Tian Cheng Holdings Limited has scheduled a board meeting for 29 January 2026 to review and approve the unaudited interim results of the company and its subsidiaries for the six months ended 30 November 2025. At the same meeting, the board will al...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.